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Buy-to-Let Property Tax Handbook

Mark McLaughlin

Publication Date: January 2022

Publisher: Bloomsbury Professional

Law As Stated At: 1 December 2021

Buy-to-Let Property Tax Handbook

Buy-to-Let Property Tax Handbook

Buy-to-Let Property Tax Handbook is a single source for tax practitioners, accountants and others who advise clients and need to be aware of the tax aspects of running a residential buy-to-let property business, as well as the main non-tax considerations.

This handbook highlights key issues, tax planning opportunities and pitfalls for the unwary, and includes numerous worked examples and case studies, as well as references throughout to legislation and HMRC guidance.

With contributions from a wealth of property tax specialists, this book is an invaluable resource for accountants and tax practitioners who have landlords as clients and is also ideal for property investors themselves.

This edition has been updated in line with Finance Act 2021, relevant new case decisions and revised HMRC guidance. Among the key developments covered are the following:

Tax rates have been updated throughout

New content added in relation to the super-deduction and the SR allowance (4.6A)

Chapter on mortgages updated to illustrate with the impact of the pandemic

A new appendix (Money Laundering and Property Investment) has been added

A new appendix on Impact on Property Investment Companies of Increased Corporation Tax Rates from April 2023 (and Health & Social Care Levy (HSCL) and Associated Dividend Income Tax Rate Increase from April 2022) has been added

A new appendix - Dwellings, Garden and Grounds: Definitions, Tensions and Relying on HMRC Guidance has been added.

Among the new case decisions discussed are the following

Cox (Deceased) v Revenue and Customs [2020] UKFTT 442 (TC) (6.25)

Executors of the late Sheriff Graham Loudon Cox [2020] UKFTT 442 (TC) (14.16)

David Merchant & Sarah Gater v HMRC [2020] UKFTT 0299(16.22)

Andrew and Tiffany Doe v HMRC [2021] UK FTT 08003 (16.22)

Doctor David Hyman and another, C Goodfellow and another and Pensfold – Appeals to the Upper Tribunal Tax (16.25)